Everest Ventures Corp.
TSX VENTURE : EVE.P

April 01, 2009 16:00 ET

Everest Receives Extension of Deadline to Complete a Qualifying Transaction

CALGARY, ALBERTA--(Marketwire - April 1, 2009) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Everest Ventures Corp. ("Everest") (TSX VENTURE:EVE.P) is pleased to announce that the TSX Venture Exchange (the "Exchange") has advised Everest that the Exchange has no objection to the application by Everest for a six month extension to complete a Qualifying Transaction ("QT") within the meaning of the policies of the Exchange.

The application for an extension was made by Everest pursuant to Exchange Bulletins dated November 3, 2008, and March 6, 2009, entitled "Temporary Relief Measures". As a result of the six month extension, the deadline for Everest to complete a QT is now March 20, 2010.

Everest, a capital pool company within the meaning of the policies of the Exchange, was incorporated in January 2007 and was listed on the Exchange in September 2007. Everest does not have any operations and has no assets other than cash. Everest's business is to identify and evaluate businesses and assets with a view to completing a QT under the policies of the Exchange.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Everest Ventures Corp.
    Darcy Krogh, President,
    Chief Executive Officer and Chief Financial Officer
    (604) 669-4180
    (604) 331-1508 (FAX)
    Website: www.sedar.com